Income Tax exemption limit increased, corporate tax unchanged
Income Tax exemption limit for senior citizens increased by INR15,000, for women and others by INR 10,000 each, while keeping the corporate tax rate unchanged in the Budget.
Income Tax exemption limit for senior citizens increased by INR15,000, for women and others by INR 10,000 each, while keeping the corporate tax rate unchanged in the Budget.
The government will work towards simplifying the tax structure in the next four years and also introduce a simplified version of tax filing form Saral, called Saral 2.
The tall project towards connecting all the panchayats across the country is in limbo, with the Panchayati Raj Ministry complaining that the Planning Commission and Finance Ministry are not too keen on allocating funds for it.
The Finance Minister of India P Chidambaram stated that biometric Permanent Account Number (PAN) cards will be introduced to the income tax payers of the country. In the first phase, these will be issued to new applicants.
[This article was published in the June 2008 issue of the eGov Magazine (http://www.egovonline.net) ]
Financial Inclusion is a very important initiative for the sustainable growth of a country.
[This article was published in the April 2008 issue of the eGov Magazine (http://www.egovonline.net) ]
India
[This article was published in the April 2008 issue of the eGov Magazine (http://www.egovonline.net) ]
In search of inclusive and sustainable growth
Confederation of Indian Industry (CII), on 4-5 March 2008, hosted the Rural Development Summit on
Rs 600-crore has been allocated for the computerisation programme for Central Board of Customs and Excise (CBEC) over a period of 5 years.
[This article was published in the August 2007 issue of the eGov Magazine (http://www.egovonline.net) ]